VP/AVP - Stress Testing - BFSI

VP & AVP - Stress Testing

- The role holder will be a part of the stress testing hub in Bangalore. Enterprise stress testing comprises the stress tests required by the Group, regions, country and risk management teams, and other senior stakeholders as required to inform Risk Appetite and the stress tests required by the Bank's regulators.

- The team has responsibility for the execution of the Bank's stress test exercises internally and to external regulators. It is also the centre of excellence for all strategic changes and operational controls, compliance attestation and policy setting for stress testing in the enterprise. As such, this individual will be working as part of a cohesive "strategy and execution" function. The team sets and runs the production schedule for stress testing.

- The intent of the hub is to primarily run central workstream production tasks and sub-tasks during the running of each stress test exercise utilising ITO (Group IT) supported technology and produce management reporting on the same.

- The candidate is expected to prepare quantitative stress test outcomes - coordinating with various teams within the Stress Test Execution team to ensure quality credit risk & finance stress test outputs in enterprise stress testing exercises (covering all the Group, Regions and Countries)

- In addition, he/she should be able to provide valuable inputs to help identify opportunities to improve on credit risk & finance stress testing current processes and own quantitative changes and change requests.

- Responsible for the stress testing data sourcing and preparations, methodological calculations including the use of existing infrastructure and technology, producing quantitative charts and packs and other related requirements.

- Build strong relationships with Credit Risk & finance workstream leads and owners who are based in global locations.

- Deliver a high quality Structured Template Data (STDF) Templates, as per the requirements set out by the Prudential Regulation Authority (PRA) in the Bank of England (BoE) stress test and other similar date requirements issued by the likes of the Hong Kong Monetary Authority (HKMA) or Monetary Authority of Singapore (MAS)

- Ensure that the stress testing methods employed are compliant with EST procedures and any deviation is properly documented and approved.

- Ensure compliance with the Operational Risk Framework requirements and that quantitative controls are in place and executed in full.

- Drive improvements in the stress testing computations and automate manual processes for more efficiency and productivity.

- Manage all correspondence via their nominated work stream leads, support functions and stakeholders.

- Ensure compliance with governance related aspects of EST production and delivery

- This is a rapidly evolving space so the role holder must be comfortable with ambiguity and change.

RESPONSIBILITIES:

The role holder is responsible for the following in undertaking the role:

- Deliver on the Finance & Credit Risk requirements for the Enterprise-wide Stress Testing (EST) exercises

- Carry out the EST stress testing analytics work

- Ensure compliance to EST procedures, methodologies and controls.

- Manage all governance related aspects of the execution of Finance & credit risk stress testing

- Drive process improvements and best practices for more efficiency and productivity

- Lead and manage the support staff necessary for the production of Finance & credit risk stress calculation with a focus on the banking book & capital/liquidity calculation

- Support development and maintenance of underlying models to enhance Finance & credit risk stress testing methodology.

- Deliver adequate documentation on stress testing methodology subject to management, model validation, audit & regulatory scrutiny.

- Deliver on the operational risk framework for the Finance & credit risk stress test process.